Search Results - subject:"STOCK PRICES"

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Rebalancing in Japan; The Role of Private Consumption

Tokuoka, Kiichi - International Monetary Fund (IMF) - 2010

Boosting growth through rebalancing is critical for addressing pressures from Japanâ€™s aging population. This paper focuses on one important untapped source of growth - private consumption, and argues that the key to reviving consumption is boosting household disposable income through...

Persistent link: https://www.econbiz.de/10008777037

Cross-country evidence on the relation between stock prices and the current account

Berg, Tim Oliver - Volkswirtschaftliche Fakultät, … - 2010

This paper explores the relation between stock prices and the current account for 17 OECD countries in 1980-2007. I use … policy and exchange rates. While monetary policy shocks have little effects, shocks to stock prices and exchange rates have … sizeable effects. A 10% contraction in stock prices improves the current account by 0.3% after two years. Hence I find a …

Persistent link: https://www.econbiz.de/10008636521

Exploring the international transmission of U.S. stock price movements

Berg, Tim Oliver - Volkswirtschaftliche Fakultät, … - 2010

I investigate the transmission of U.S. stock price shocks to real activity and prices in G-7 countries using a multicountry vector autoregressive (VAR) model. I achieve identification by imposing a small number of sign restrictions on impulse responses, while controlling for monetary policy,...

Persistent link: https://www.econbiz.de/10008636531

Do monetary and technology shocks move euro area stock prices?

Berg, Tim Oliver - Volkswirtschaftliche Fakultät, … - 2010

variations in real stock prices. The identification method is flexible enough to study the effects of technology news shocks. The … responses are consistent with the idea that news on technology improvements have an immediate impact on stock prices. These …

Persistent link: https://www.econbiz.de/10008636537

Sudden Stops, Output Drops, and Credit Collapses

Dagher, Jihad - International Monetary Fund (IMF) - 2010

This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to generate the main patterns observed in the sample during and...

Persistent link: https://www.econbiz.de/10008646413

Price of Risk; Recent Evidence From Large Financials

Singh, Manmohan; Youssef, Karim - International Monetary Fund (IMF) - 2010

Probability of default (PD) measures have been widely used in estimating potential losses of, and contagion among, large financial institutions. In a period of financial stress however, the existing methods to compute PDs and generate loss estimates that may vary significantly. This paper...

Persistent link: https://www.econbiz.de/10008646426

Firm value and cross-listings: the impact of stock market prestige

Cetorelli, Nicola; Peristiani, Stavros - Federal Reserve Bank of New York - 2010

This study investigates the valuation impact of a firm’s decision to cross-list on a more (or less) prestigious stock exchange relative to its own domestic market. We use network analysis to derive broad market-based measures of prestige for forty-five country or regional stock exchange...

Persistent link: https://www.econbiz.de/10008676470

Dynamic linkages of stock prices among G7 countries: effects of the American financial crisis

Xu, Haifeng; Hamori, Shigeyuki - In: Economics Bulletin 30 (2010) 4, pp. 2656-2667

linkages among G7 countries in the mean and volatility of stock prices from June 2, 2003, through July 31, 2010. In particular …

Persistent link: https://www.econbiz.de/10008677888

Risk, returns, and multinational production

Fillat, José L.; Garetto, Stefania - Federal Reserve Bank of Boston - 2010

This paper starts by unveiling a new empirical regularity: multinational corporations systematically tend to exhibit higher stock market returns and earnings yields than non-multinational firms. Within non-multinationals, exporters tend to exhibit higher earnings yields and returns than firms...

Persistent link: https://www.econbiz.de/10008679708

Financial Frictions, Investment, and Institutions

Yafeh, Yishay; Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10008680276